Central Area Industrial

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Central Area

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 20, 2016

Central Area Rates

On average, listings lease in the $20's per square foot per year. The Central Area submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 7% rise in rent.

Central Area Listing Supply

In the last 90 days, 7 listings have been posted online, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 700 sqft. Most buildings in this region are close to 3 stories. Most buildings in this area were built in 1976 and are Class A.

Central Area Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Most of the residents of Central Area work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.